India's JSW Energy gains after unit to buy Tidong Power Generation

JSW ENERGY

19/09/2025 05:43

** Shares of JSW Energy JSWE.NS rise 1.5% to 545.90 rupees

** Subsidiary signed agreement to acquire 100% stake in Tidong Power Generation from Statkraft IH Holding AS

** Transaction an enterprise valuation of approximately 17.28 bln rupees ($195.8 mln)

** Tidong Power is constructing a 150 MW hydro-electric power plant in Tidong Valley of Himachal Pradesh

** Trading vols over 1x the 30-day average at 2.4 mln shares so far

** JSWE down ~15% YTD

($1 = 88.2350 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))